South Korea will implement a framework for renewable energy corporate PPAs later this year according to the Ministry of Trade, Industry and Energy. As part of the ‘K-RE100’ system, energy purchases will be made selective by energy source, which will involve a revision of how the country’s Electric Utility Act is enforced. This is the Korean version of the global ‘RE100’ initiative. Like Japan, South Korea committed itself to 2050 net-zero shortly before the November 3rd US elections – likely expecting Democrat victory and perhaps calculating that a climate promise made beforehand would seem more genuine rather than made under pressure. In December, six members of the SK Group which together account for 5% of total South Korean demand, joined…